Sunday, February 3, 2008

STOCKS TO WATCH

Yum Brands Inc. (YUM:35.24, +1.08, +3.2%) is expected to report fourth-quarter earnings of 42 cents a share, according to analysts polled by Thomson Financial.

News Corp. (NWS:20.01, +0.62, +3.2%) is forecast to post earnings of 27 cents a share in the fiscal second quarter.

Humana Inc. (HUM:81.84, +2.32, +2.9%) is likely to report earnings of $1.32 a share in the fourth quarter.

Clorox Co. (CLX:63.09, +1.75, +2.9%) is estimated to report fiscal second-quarter earnings of 54 cents a share.

Equifax Inc. (EFX:37.00, -0.09, -0.2%) is likely to post earnings of 57 cents a share in the fourth quarter.

Manitowoc Co. (MTW:39.17, +1.14, +3.0%) is forecast to post earnings of 68 cents a share in the fourth quarter.

Computer Sciences Corp. (CSC:42.14, -0.18, -0.4%) is forecast to report earnings of $1 a share in the fiscal third quarter.

Post Properties Inc. (PPS:42.62, +0.35, +0.8%) is expected to post earnings of 9 cents a share in the fourth quarter.

BE Aerospace Inc. (BEAV:41.84, +3.23, +8.4%) is projected to report fourth-quarter earnings of 44 cents a share.

Anadarko Petroleum Corp. (APC:60.04, +1.56, +2.7%) is estimated to post earnings of 77 cents a share in the fourth quarter.

Wendy's International Inc. (WEN:25.18, +0.78, +3.2%) is expected to report earnings of 23 cents a share in the fourth quarter.

Principal Financial Group (PFG:61.21, +1.60, +2.7%) is likely to report earnings of $1.01 a share in the fourth quarter.

Lincoln National Corp. (LNC:56.09, +1.90, +3.5%) is likely to post earnings of $1.36 a share in the fourth quarter.

PartnerRe Ltd. (PRE:79.48, +0.20, +0.3%) is estimated to post fourth-quarter earnings of $3.19 a share.

Savvis Inc. (SVVS:22.62, +2.42, +12.0%) is forecast to post earnings of 2 cents a share in the fourth quarter.

After Friday's closing bell, The Wall Street Journal reported on its Web site that the House Judiciary Committee will convene a hearing on Feb. 8 to examine Microsoft Corp.'s (MSFT:30.45, -2.15, -6.6%) proposed takeover of Yahoo Inc. (YHOO:28.38, +9.20, +48.0%) . The hearing will consider what the impact on competition of a potential tie-up between the two Internet giants would be, the newspaper said.

Watch list

Concerned by reports of Chinese military hacking into Pentagon computers, four House lawmakers are asking the Treasury Department for information related to its review of the acquisition of 3Com Corp. (COMS:4.05, -0.08, -1.9%) by a Chinese company and its U.S. partner. In September, 3Com said it agreed to sell itself for $2.2 billion to Huawei Technologies Co., the largest networking company in China, and Bain Capital Partners LLC. The lawmakers want to know "the extent and nature" of Huawei's ties to the Chinese People's Liberation Army and if such ties constitute a threat to U.S. national security.

CSK Auto Corp. (CAO:8.98, +3.03, +50.9%) confirmed that it has received an unsolicited proposal from O'Reilly Automotive Inc. to acquire all of the outstanding shares of CSK Auto but O'Reilly Automotive Inc. (ORLY:30.62, +1.19, +4.0%) has declined to sign a confidentiality agreement which precludes access to non-public information. CSK Auto said it plans to proceed with the process to enhance shareholder value as planned.

Dollar Thrifty Automotive Group Inc. (DTG:26.02, +1.64, +6.7%) lowered its adjusted earnings-per-share estimate for 2007 to a range of 90 cents to 95 cents from $1.75 to $1.85 previously. In GAAP terms, it expects earnings to be flat or post a loss of 5 cents a share. The car rental company cited weaker industry demand in the travel market, excess fleet capacity in the industry, and a weakening used car market for its more bearish outlook. The company also said it is suspending its share buyback program.

Liz Claiborne Inc. (LIZ:22.71, +0.82, +3.8%) has finished the strategic review of 13 of the 16 brands it placed under review and plans to conclude evaluation of the other three brands, Ellen Tracy, Kensie, and Mac & Jac, by the end of the first quarter, the company said Friday. It also said it will sell most of the assets and liabilities of Prana to Prana Living LLC, a company formed by Prana's management team and Steelpoint Capital Partners for $36.5 million in cash. The company will pay out $18.4 million to Prana founders in connection with the purchase of Prana in 2005 and record the amount as a charge in first quarter earnings.

Motorola Inc. (MOT: 12.69, +1.19, +10.4%) confirmed it received a notice from Carl Icahn to nominate four directors to the company's board. The notice, Motorola said, indicated that Icahn affiliates beneficially hold about 5% of Motorola's outstanding shares, or about 114.3 million shares. Separately, The Wall Street Journal said the company's CEO Greg Brown is assuming direct oversight of the company's handset unit after pushing aside division head Stu Reed.

Walt Disney Co. (DIS:30.66, +0.82, +2.8%) said it signed new five-year contracts for both its Chief Executive Robert Iger and Chief Financial Officer Thomas Staggs. The new contracts expire on Jan. 31, 2013, for Iger, and on April 1, 2013, for Staggs.

No comments:

Post a Comment